India, April 15 -- Import prices in the U.S. edged slightly lower in the month of March, according to a report released by the Labor Department on Tuesday.
The Labor Department said import prices slipped by 0.1 percent in March after rising by a downwardly revised 0.2 percent in February.
Economists had expected import prices to come in unchanged compared to the 0.4 percent increase originally reported for the previous month.
The report also said the annual rate of growth by import prices slowed dramatically to 0.9 percent in March from 2.0 percent in February.
The modest monthly decrease by import prices largely reflected a sharp pullback by prices for fuel imports, which plunged by 2.3 percent in March after jumping by 1.6 percent in ...